EXPERTISE
Competition & State Aid

Guidance on FDI screening obligations in Austria

December 2025 – The Austrian ministry responsible for Foreign Direct Investment (FDI) matters, the Federal Ministry for Economy, Energy, and Tourism (“the Ministry”), recently released guidance on the assessment of the filing obligation for foreign...

A sector under the spotlight: what recent cases in Romania and at the EU level signal for pharma compliance

November 2025 – Competition and regulatory authorities across Europe are showing renewed vigilance toward the pharmaceutical sector—a field shaped by the intersection of competition law, regulatory frameworks, consumer protection, and IP. Recent cases...

Kinstellar advises the investment-holding company AJFH on the acquisition of Imlek, a leading dairy producer in Southeast Europe

November 2025 – Kinstellar has successfully advised AJFH (the family office of experienced entrepreneur and investor Andrej Jovanović) on the acquisition of Imlek, a leading dairy producer in Southeast Europe, from MidEuropa Partners. The transaction...

Regional Competition Law Update – Q3 2025

November 2025 – Kinstellar’s Competition & FDI team is pleased to present the Q3 2025 update to our Regional Competition Review. This latest edition provides a snapshot of recent enforcement activity, legislative changes, and emerging trends across...

Corporate and M&A: Key Bulgarian legal developments

November 2025 – Over the past months, Bulgaria has adopted and implemented several important legislative changes affecting foreign investment screening, merger control, corporate reorganisations, and company transparency.

Bulgaria’s Merger Control Update: Below the thresholds but not below the radar

October 2025 – On 23 October 2025, Bulgaria adopted changes to its Competition Protection Act, introducing below-threshold merger filings.

Competition Law Update in Romania: Q3 2025

October 2025 – The Romanian Competition Council (“RCC”) remained highly active throughout the third quarter of 2025, advancing its enforcement and policy agenda across multiple fronts. Highlights include the adoption of Romania’s first foreign...

Kinstellar announces new promotions in the Budapest office

October 2025 – Kinstellar Budapest is pleased to announce that Ákos Nagy has been appointed as Partner and Head of the local Competition, Dispute Resolution, Risk & Investigations, and ESG Service Lines, and Zsuzsa Andrékó and Máté Nagy have...

Three new state aid schemes are driving Romania’s move toward zero-emission transport

September 2025 – The Ministry of Transport and Infrastructure (MTI) in Romania has recently launched three state aid schemes, financed through the Modernisation Fund, to accelerate the transition to zero-emission transport:

DR-23: New non-reimbursable funding opportunity in Romania for companies in the food industry through European Funds

August 2025 – A new funding opportunity in Romania—the DR-23 Investments for the Processing of Agricultural Products Aid Scheme—has been launched following its publication in the Official Gazette, offering significant financial support to businesses...